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Lunch » Tags » Books » Reviews » You're So Money: Live Rich, Even When You're Not » User review

A Guide for Living Rich... for the Rich.

  • Jul 7, 2010
Rating:
-3

I'm very into frugality and living well on less, so when I saw this book I thought it would be right up my alley. I was wrong - this book is not about living frugally.

First of all, this book isn't for someone who's in the lower class, lower-middle class, or even middle class. The author states in her book that she makes something like $50,000 a year. And that's just her - not a combined family income. I guess it depends on your definition of "rich," but if you're living by yourself, that's certainly enough to afford what you basic needs plus a whole lot more. She also alludes to her parents having some accumulation of wealth, and that they bought her a condo in New York. I'm not sure how she can give the advice that renting is wasting money and that everyone should be a homeowner if she didn't even buy her own home. I'm willing to bet that many of her readers don't have the luxury of parents who can and will do that.

She gives unpractical advice, such as saving all of the money you would have spent on dining at fancy restaurants, and instead putting that money towards a vacation across seas or investing it. That's all fine and dandy, but if you eat at fancy restaurants often enough that it could add up to a trip across Europe, aren't you at least semi-rich?

I think a lot about this book rubbed me the wrong way because of the difference in my definition of rich and the author's. This book caters to a very select income bracket, namely in the $50,000-$60,000 range. I couldn't relate at all the advice, and most of it is so cliche (stop buying a $4 Starbucks latte every morning!) that I doubt most people haven't heard it before.
 

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Ranked #882
Member Since: Jul 6, 2010
Last Login: Oct 7, 2010 01:51 AM UTC
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Author: Farnoosh Torabi
Genre: Money Management for Young People

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